EUR/CHF & USD/CHF Technical Evaluation

USD/CHF, EUR/CHF – Value Motion

On Friday, USD/CHF rallied to 1.0023 – its highest degree in over eight weeks. The value closed the weekly candlestick with a 0.2% achieve. Equally, EUR/CHF printed three weeks excessive at 1.1023 then closed the week’s session with 0.2% achieve.

The Relative Power Index (RSI) remained flat above 50 on each pairs, highlighting weak consumers in a bullish market.

USD/CHF Day by day Value Chart (NOV 8, 2017 – DEC 2, 2019) Zoomed Out

USD/CHF Day by day Value Chart (July 1– DEC 2, 2019) Zoomed IN

Taking a look at each day chart, we discover on early Oct USD/CHF printed its highest degree in 5 months at 1.0028, then didn’t rally additional. Later, the value declined as consumers exited the market.

The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.